NextQ71

On the basis of the following data, estimate the value of National Income (NNP_FC) :

Nominal vs. Real GDP and Related ConceptsStudy Simplify SpecialPYQ1MCQ
Question 70

Read the following statements carefully : Statement 1 : Real National Income is always less than Nominal National Income. Statement 2 : Real National Income is the money value of all the final goods and services produced by the normal residents of an economy in an accounting year, measured at the base year prices. In the light of the given statements, choose the correct alternative from the following :

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